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Nardino's journal

  • #1
  • First Post: Edited 5:14am Dec 22, 2005 4:28am | Edited 5:14am
The Cable was a good trade for me today heading south. This morning looking at the GBP/USD on the hourly time frame, I was anticipating a breakout on the downside at 1.7560/75 range. So it did. Although this did not happen when I had wanted it but my patient eventually paid off. I manage to get in at 1.7552 after it broke my trendline for the second time in an hour. I rode it and exited at 1.7408. Although it eventually went through the 1.7400 mark the trade had exceeded my expectation at 7408 therefore, I took my profit. That was not a bad job for a day's work wneh you consider that my daily expectation is 50pips.

Here is my chart as it unfolded this today... GBP/USD - 15 mins.

(Does anyone know how to insert image here? I've tried icon and attachment below to no avail even after reducing file size to 600x600).
Alternatively, you could view the chart on my blog: http://nardino.blogspot.com



It was a handsome 144 pips today. I can train you on how to spot these hidden riches in the Forex market. Please feel free to comment on this page. Your feedback is highly appreciated.

Happy trading
Attached Image
  • #2
  • Dec 22, 2005 5:17am Dec 22, 2005 5:17am
Welcome to the FF!

I've moved your journal over here and removed a duplicate thread you posted in the main discussion forum.

To attach files, look at the additional options below the Submit button and click on the "Attach Files" button. I've visited your blog and done this one for you.

If you require any more assistance, feel free to ask!

Quoting Nardino
(Does anyone know how to insert image here? I've tried icon and attachment below to no avail even after reducing file size to 600x600).
  • #3
  • Dec 22, 2005 5:23am Dec 22, 2005 5:23am
Quoting Isotonic
Welcome to the FF!

I've moved your journal over here and removed a duplicate thread you posted in the main discussion forum.

To attach files, look at the additional options below the Submit button and click on the "Attach Files" button. I've visited your blog and done this one for you.

If you require any more assistance, feel free to ask!
You're great Iso.. I fully appreciate it.

Have a nice trading day.
  • #4
  • Dec 22, 2005 5:35am Dec 22, 2005 5:35am
Thanks Nardino,
It is from comments and charts like yours that we can learn.
Thanks also that you are keeping the door wide open for our questions.

Highway
  • #5
  • Dec 22, 2005 12:24pm Dec 22, 2005 12:24pm
Quoting Nardino
I can train you on how to spot these hidden riches in the Forex market. Please feel free to comment on this page. Your feedback is highly appreciated.

Happy trading
Thanks for your posts Nardino, and welcome to Forex Factory.

When you say you can train us, what do you have in mind? Are you offering to teach in this forum at no charge? I read your blog and saw that if there was enough interest, you might put up a tutorial. Having read the general outline of how you trade, I would be very interested in learning more.

Thanks,

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #6
  • Dec 22, 2005 7:36pm Dec 22, 2005 7:36pm
Quoting diallist
Thanks for your posts Nardino, and welcome to Forex Factory.

When you say you can train us, what do you have in mind? Are you offering to teach in this forum at no charge? I read your blog and saw that if there was enough interest, you might put up a tutorial. Having read the general outline of how you trade, I would be very interested in learning more.

Thanks,

Dial
Hi Charles (Diallist),

It was on my blogspot I have made the initial offer. However, your interest is noted. If I can get as many as say twenty to thirty people with such hunger like you, why not? My strategy is easy and simple to implement. The important things I crave are discipline and commitment. With the discipline and the slightest commitment, you always win in forex because of market dynamics. Enuff of these preambles.

It would be a joyful thing for me to share with you.. This year have been very rewarding for me. Today was exceptionally great. I have only just prepared the chart for my blogspot. If you are whom I thought you are the better. I mean showing you the "Key" of the Kingdom would be a delight to me.

Out of interest, where's your location?

To everyone that has responded, I appreciate you all and your comments. Keep sharing your views please.

Happy Trading.
  • #7
  • Dec 22, 2005 10:07pm Dec 22, 2005 10:07pm
Quoting Nardino
Hi Charles (Diallist),

It was on my blogspot I have made the initial offer. However, your interest is noted. If I can get as many as say twenty to thirty people with such hunger like you, why not? My strategy is easy and simple to implement. The important things I crave are discipline and commitment. With the discipline and the slightest commitment, you always win in forex because of market dynamics. Enuff of these preambles.

It would be a joyful thing for me to share with you.. This year have been very rewarding for me. Today was exceptionally great. I have only just prepared the chart for my blogspot. If you are whom I thought you are the better. I mean showing you the "Key" of the Kingdom would be a delight to me.

Out of interest, where's your location?

To everyone that has responded, I appreciate you all and your comments. Keep sharing your views please.

Happy Trading.
Hi Benny, and thanks for your reply. Who do you think I am? I'm near Greensboro, North Carolina, USA.

I have discipline, yes, but my commitment to trading forex is so rock solid it sometimes amazes me how I came by it.

I've been trading 4 hour and daily charts successfully for quite some time now. But I have grown weary of the days of wating between setups. I want to start trading the London session on a daily basis, but I'm not quite sure how to go about it. The methods I've tried so far simply do not fit me. When I read your basic outline of your trading style, it struck a resonate note with me. I'm particularly interested in the pre-opening research you do in the two hours before the market opens and how you apply that to the method you use while the market is open. If I have a weak area, it is fundamentals.

If it would be a joyful thing for you to share with me, then I certainly want to contribute to your joy.

Thanks Benny!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #8
  • Dec 23, 2005 12:09pm Dec 23, 2005 12:09pm
Quoting diallist
Hi Benny, and thanks for your reply. Who do you think I am? I'm near Greensboro, North Carolina, USA.

I have discipline, yes, but my commitment to trading forex is so rock solid it sometimes amazes me how I came by it.

I've been trading 4 hour and daily charts successfully for quite some time now. But I have grown weary of the days of wating between setups. I want to start trading the London session on a daily basis, but I'm not quite sure how to go about it. The methods I've tried so far simply do not fit me. When I read your basic outline of your trading style, it struck a resonate note with me. I'm particularly interested in the pre-opening research you do in the two hours before the market opens and how you apply that to the method you use while the market is open. If I have a weak area, it is fundamentals.

If it would be a joyful thing for you to share with me, then I certainly want to contribute to your joy.

Thanks Benny!

Dial
Thanks for your wonderful comments Diallist. Location noted. As you have rightly said I believe one of the reasons I have been a success is the routine I have cultivated over the years. As I always say, we're all students of life. Human beings are not creation of routines but discipline. When we discipline our mindset or our body on anything the resultant effect is a daily routine. And good routines produces wealth. Some might say it's hard. Well, life is hard. What I cannot stomach is the alternative - losses. Losses is an indication that something is broken. No one in the right mind likes to lose. This was the reason I started trading forex. To gain as many pips as is possible. It's a game!

Now for someone with Swing-trading background, patience and commitment should be no challenge. What I could suggest is using a lower timeframe like 60mins, 15mins and even five. Most times I take my position with 5mins. and ride with 15 and 60mins. I try to minimize my indicators. The most you'd find on my TA is four. You'll find Stochastic (slow) and MACD and exponential MA. For clarity, I like to unclutter my chart and focus on the candlesticks and patterns.

Another factor is timing. One of the most important element in life is time. Lose it you can't gain it back. No truer environment confirms this than forex. If I miss my trade timing for example, I will not trade that position again because I believe a bigger and better opportunity will (not might) will lend itself again. This way I am not chasing shaddows of what I thought I might have lost.

These are the few values I uphold before, during and after each trade. Another thing I have learn is that losses tend to cause me to want examine my path thoroughly. I find this reassuring too and confidence building for the next rade.

Finally, on the tutorial I thank you for your interests. The list is growing and hope we can get it going soon. There seem to be a keen interest from all quarters. Keep commenting because it's the only way I could know how many out are hungry for it. For all of you that have shown the desire to be adept in this market I appreciate it you all too.

Happy Trading
  • #9
  • Dec 23, 2005 12:23pm Dec 23, 2005 12:23pm
Quoting Nardino
Thanks for your wonderful comments Diallist. Location noted. As you have rightly said I believe one of the reasons I have been a success is the routine I have cultivated over the years. As I always say, we're all students of life. Human beings are not creation of routines but discipline. When we discipline our mindset or our body on anything the resultant effect is a daily routine. And good routines produces wealth. Some might say it's hard. Well, life is hard. What I cannot stomach is the alternative - losses. Losses is an indication that something is broken. No one in the right mind likes to lose. This was the reason I started trading forex. To gain as many pips as is possible. It's a game!

Now for someone with Swing-trading background, patience and commitment should be no challenge. What I could suggest is using a lower timeframe like 60mins, 15mins and even five. Most times I take my position with 5mins. and ride with 15 and 60mins. I try to minimize my indicators. The most you'd find on my TA is four. You'll find Stochastic (slow) and MACD and exponential MA. For clarity, I like to unclutter my chart and focus on the candlesticks and patterns.

Another factor is timing. One of the most important element in life is time. Lose it you can't gain it back. No truer environment confirms this than forex. If I miss my trade timing for example, I will not trade that position again because I believe a bigger and better opportunity will (not might) will lend itself again. This way I am not chasing shaddows of what I thought I might have lost.

These are the few values I uphold before, during and after each trade. Another thing I have learn is that losses tend to cause me to want examine my path thoroughly. I find this reassuring too and confidence building for the next rade.

Finally, on the tutorial I thank you for your interests. The list is growing and hope we can get it going soon. There seem to be a keen interest from all quarters. Keep commenting because it's the only way I could know how many out are hungry for it. For all of you that have shown the desire to be adept in this market I appreciate it you all too.

Happy Trading
Thanks for the insightful and detailed reply Benny. I look forward to your sharing of your tutorial. Thanks again, and Merry Christmas.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #10
  • Dec 23, 2005 12:49pm Dec 23, 2005 12:49pm
Quoting diallist
Thanks for the insightful and detailed reply Benny. I look forward to your sharing of your tutorial. Thanks again, and Merry Christmas.

Dial
No worry. I couldn't trade today though because of christmas shopping. Wife had to get some presents for the kids. Nice fun day though.
  • #11
  • Dec 23, 2005 1:46pm Dec 23, 2005 1:46pm
The pound-yen is one of the most volatile pair in the array of forex cocktail, yet I hardly hear a whisper about it. This week a lone I have amassed 264 pips from Day-Trading it. (Mon. 46pips, Tues. gained 20pips, stopped out (30pips), Thu. 228pips). Can you see some handsome rewards from here.

See the attached tiny chart below. Support guys, how do I post a proper chart on my thread please. Anyone got anything to say on the title thread? Please discuss...
Attached Image
  • #12
  • Dec 23, 2005 5:01pm Dec 23, 2005 5:01pm
If I am not wrong, the most traded pairs by FF members are EUR/USD , GBP/USD and USD/CHF. The EUR/JPY is my favourite pair. When the EUR/USD is in consolidation or not moving much, I play USD/JPY. I read quite a number of times where FF member says it is difficult to predict the JPY in the Asian session. If I do remember it was also the end of 2004 where it had a move similar to last week's 300 pips with USD. Since GBP was so weak already with the USD; and USD much weaker than JPY, I can imagine how GBP/JPY must be.

I have never traded the GBP/JPY. Are there anything particular one need to know when trading this pair or is it just the same procedure like all the others ?

Thanks
Regards,
highway
  • #13
  • Dec 23, 2005 5:13pm Dec 23, 2005 5:13pm
Quoting Nardino
The pound-yen is one of the most volatile pair in the array of forex cocktail, yet I hardly hear a whisper about it. This week a lone I have amassed 264 pips from Day-Trading it. (Mon. 46pips, Tues. gained 20pips, stopped out (30pips), Thu. 228pips). Can you see some handsome rewards from here.

See the attached tiny chart below. Support guys, how do I post a proper chart on my thread please. Anyone got anything to say on the title thread? Please discuss...
Does anyone else trade this pair? For the past few weeks there have been huge rewards from it. Last nite I put up some comments on my blogspot to this effect. Anyone has anything to say about this cross pair I would like to know about it.. Cheers.
  • #14
  • Dec 23, 2005 6:21pm Dec 23, 2005 6:21pm
Quoting Nardino
Does anyone else trade this pair? For the past few weeks there have been huge rewards from it. Last nite I put up some comments on my blogspot to this effect. Anyone has anything to say about this cross pair I would like to know about it.. Cheers.
The pair is nice, but the spread is a killer, my market maker offers it at 8 pips spread, which I can't be comfortable about, yet it is VERY volatile and can move wildly in a matter of a few hours, so with a small account equity like mine and the wide spread, I don't think I will be able to trade it in the near future unless those 2 variables change, i.e. my account grows up and I open another account with another market maker who offers a tighter spread for it...


Thanks,

Nader
  • #15
  • Dec 23, 2005 7:02pm Dec 23, 2005 7:02pm
I have been trading this pair for about six months with great success. Just be careful of the volatility when day trading. I prefer to trade from a predicted H/L WITH the trend. This past week I gained 200 pips Sunday night EST to Monday AM this way and did the same trade Wed night for another 100 pips. Stops are bigger, so is the spread and the risk, but the rewards are outstanding.
  • #16
  • Dec 23, 2005 8:04pm Dec 23, 2005 8:04pm
I trade GBP/JPY regular, i agree it is a monster, my last trade was long at 207.33, i'm still long and closing my eyes. I'm hoping for some strength next year on the dollar. If Jes Black is correct about the Dollar, which i feel he will be it is possible GBP/JPY could hit 222.75, dont get caught in this one if your short for a length of time because the tomnext interest short on this is with my broker approx 85 pips a month against you.
  • #17
  • Dec 24, 2005 2:59am Dec 24, 2005 2:59am
How many of this thread viewers and respondents are Day-Trading or have Day-trade Forex of any pair recently? Please comment and express your pros and cons. This would give me a rough idea about your interests, desire and pitfalls or challenge areas expressed by many so far.

It would also allow me to address challenges areas especially on this tutorial I have committed myself to on my blogspot. This is not an ad. (spam rule) but just for larger chart viewing and ease of understanding.

Merry Christmas to you all.
  • #18
  • Edited Mar 26, 2007 3:31pm Dec 24, 2005 4:35pm | Edited Mar 26, 2007 3:31pm
Nice words Iso., and I thank you. I'll check out the Big Pippin. I'm new on this forum and still finding my way round the site. Yeah, you'll be most welcome in the N.Year. I can trade any pair but my focus is on the ones with high pips when there are movements. Mostly I trade with 60M and 15M timeframes but take my positions with the 5M timeframe. I don't have to seat by and watch like a hawk and in the same token I go on a boat ride. http://www.forexfactory.com/forexfor...ons/icon10.gif LOL. Nice ideas and I'd check them out. Anyway hope you have a nice Xmas.
  • #19
  • Dec 29, 2005 3:53am Dec 29, 2005 3:53am
Hi everyone, I have been trying to get a few traders' attention on JohnFX's thread on scalping. I have posted my scalping analysis there on GBPUSD.

At the moment I am in with a view to see a retracement to the 1.7137/25 range. A low of yesterday's session. Keep on watching with the 15 or 60 mins. timeframe.
Attached Image
  • #20
  • Dec 29, 2005 3:55am Dec 29, 2005 3:55am
Quoting Nardino
Hi everyone, I have been trying to get a few traders' attention on JohnFX's thread on scalping. I have posted my scalping analysis there on GBPUSD.

At the moment I am in with a view to see a retracement to the 1.7137/25 range. A low of yesterday's session. Keep on watching with the 15 or 60 mins. timeframe.
Here is the Line chart which I also use for analysis.
Attached Image
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